tomo logo

$1,050,000

Beds
6
sq ft
3,388

1819 S Normandie Ave, Los Angeles, CA 90006

1819 S Normandie Ave

Los Angeles, CA 90006

  • 28 days on market
    • Price drop $149,000↓
Exceptional Triplex Opportunity Near Downtown LA Perfect for Investors, Developers and First-Time Homebuyers! Welcome to a unique property just west of Downtown Los Angeles, ideal for owner-users and investors alike! This triplex offers the perfect blend of comfortable living and lucrative rental potential. Property Highlights:- **Spacious Living**: The property features two separate buildings totaling **3,388 square feet** of living space, situated on a generous **4,556 square foot lot**.- **Zoned for Development**: The property is zoned R2 and qualifies for **TOC Tier 1 benefits**, opening doors for potential future development and an attractive prospect for savvy investors.- **Stable Income**: With all tenants currently in place, this triplex has proven to be a stable investment; all tenants have consistently paid their rents throughout the pandemic. Prime Location:- Just **2 miles east of Downtown LA** and **2 miles north of USC**, this property offers an enviable location that is both accessible and vibrant.- **Centrally Located**: Convenient access to public transit, shopping, trendy dining, and excellent schools makes this an ideal locale for tenants, ensuring lower vacancy rates and high demand. Ideal for Investors This triplex is a great fit for anyone looking for a **stabilized asset** or a safe **1031-exchange replacement**. Its strong rental history and strategic location make it a wise investment move. Affordable Financing Options: We welcome FHA, VA, and first-time home buyer programs! Don't miss this opportunity to make a strategic investment or become a homeowner in one of LA's most dynamic neighborhoods. Seize the chance to own a piece of prime real estate near Downtown LA today! Whether you're an investor looking for a reliable income source or a first-time homebuyer looking to break into the real estate market, this triplex is waiting for you.

Details

Property type

Lot size

5,171 sq ft

Price per sq ft

$310

Year built

1915

HOA

No

Price History

11/14/2024
CLAW

CLAW #24456627

Price change
$1,050,000
-12.43%
10/24/2024
CLAW

CLAW #24456627

Listed
$1,199,000
+46.22%
06/29/2018
CRMLS

CRMLS #DW17266020

Sold
$820,000

Schools & Community

Neighborhood: 

Harvard Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/21/2024 at 8:00 PM

Listing updated: 11/14/2024 at 2:30 PM

Listed by: Joel Newton, Coldwell Banker Realty Phone #: (310) 458-0091

MLS: CLAW #24456627

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